NCR reflects trend of premiumization in housing sector
In 2024, the National Capital Region (NCR) witnessed a significant shift in the residential real estate market, reflecting an ongoing trend of premiumisation in the housing sector.
In 2024, the National Capital Region (NCR) witnessed a significant shift in the residential real estate market, reflecting an ongoing trend of premiumisation in the housing sector.
With 100 cities leading the initiative, the Smart Cities Mission (SCM) has completed 7,380 out of 8,075 projects, with an investment of Rs 1,47,704 crore, the government said on Wednesday.
To truly unleash Indian manufacturing, the country must think of building dense, large-scale worker housing as infrastructure, that can reap coordination and externality benefits for several stakeholders and ensure great public returns, according to a report on Tuesday.
Union Minister for Power, Housing, and Urban Affairs Manohar Lal on Friday said that Haryana’s power policy is being appreciated nationwide.
A recent report by the real estate data analytics firm PropEquity said the average price of new launch projects in India’s top 10 cities have surged 88 per cent in the past five years.
The 50 basis points hike in the repo rate coupled with inflationary pressure is likely to impact the sentiment of the Housing sector particularly in the affordable and mid-range housing segments.
Chairing the department-wise review meeting on the work of budget announcements, the CM said officers of the Housing for All Department should complete all the work related to this at the earliest.
The housing sector demands a high level of creativity. There is a lot to be done across a range of policy areas to improve the functioning of different aspects of our housing system.
"The impact of the third Covid-19 wave was significantly lower than of the preceding two waves. The unrelenting appetite for homeownership amid the pandemic has coupled with a growing certainty of impending price rises to speed up housing sales velocity."
Housing.com & NAREDCO suggested that the government should hike tax rebates on housing loans’ interest rates, reduce Goods and Services Tax (GST) on construction materials, expand credit availability to small developers, and cut stamp duty to boost housing demand.
